#us-oil-companies

#us-oil-companies

It doesn't have a short-term impact.

The upcoming meetings will be crucial to the administration's hopes to boost crude oil production and exports from Venezuela, a former OPEC nation that sits atop the world's largest reserves, and whose crude oil can be refined by specially designed US refineries. Achieving that goal will require years of work and billions of dollars of investment, analysts say. It is unclear what executives will be attending the upcoming meetings, and whether oil companies will be attending individually or collectively.